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How Long ???
On 9 Mar 2006 11:51:01 -0600, Dave wrote:
One way it's sometimes dealt with is to provide something like if the estimated cost of repairs is less that, say $1,000, the seller may at his option either make the repair at his own cost and require the buyer to complete the contract, or cancel the contract. I always write my purchase contract to have an acceptance period after the survey is complete, typically 7 to 10 days. During that time you can accept the boat as is, attempt to renegotiate the price, or reject with full refund. That is a much more flexible arrangement than trying to spell out exact terms and conditions. If the seller refuses to renegotiate and/or fix to my satisfaction, I fire off the rejection letter. That has always gotten things moving again. |
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